CADJPY - READY FOR THE BIG DROP? > WEAKNESS AT THE TOP

We can see that according to my perspective the pair could be developing an Expanding Flat Correction. The pair is already facing weakness from the bull side at the top of channel which is why I'm considering a short position. Currently awaiting further confirmation in the form of a strong breakout before entering. A strong break above the top would invalidate this setup.

Trade safe and implement your own due diligence before executing a trade.

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Comment:

possible retest

Comment:

possibility for some correction first before the big move

Comment:

PATIENCE PATIENCE PATIENCE!
We have the confirming signals so remaining bearish biased